Home Bitcoin Wall Street Drops $562M on Bitcoin While ETH and XRP Sit Out

Wall Street Drops $562M on Bitcoin While ETH and XRP Sit Out

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This was the first time in 7 days Bitcoin ETFs turns green. And it was big one. Wall Street reportedly poured $562 million into spot Bitcoin ETFs in a single day, while Ethereum and XRP saw almost no institutional demand.

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Bitcoin slipped near $74,000 (-6%), yet big investors treated the dip like a shopping aisle, not a fire exit. This move comes amid a broader pullback tied to rate fears and a sudden wave of crypto liquidations.

That split matters. When fear rises, professionals show you what they trust with real money.

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Since US regulators approved these products in early 2024, funds like BlackRock’s IBIT and Fidelity’s FBTC have pulled in billions.

That inflow pace now dwarfs interest in newer Ethereum ETFs, showing where institutions feel safest.

(Source: Bitcoin Spot ETF Net Inflow / Coinglass)

This helps explain why Bitcoin outpaces Ethereum and XRP during stress. Big firms want liquidity, clarity, and exits that work on bad days.

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The shift goes beyond price. Public companies now disclose Bitcoin holdings in SEC filings, a level of transparency forced by years of crypto enforcement actions. That disclosure framework makes Bitcoin easier to justify in boardrooms.

Regulators still warn that crypto assets vary widely in liquidity and volatility, a distinction highlighted in multiple crypto enforcement cases. Bitcoin sits at the top of that hierarchy.

Ethereum and XRP remain important networks. But in risk-off moments, institutions prefer the asset with the deepest market and clearest rulebook.

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The post Wall Street Drops $562M on Bitcoin While ETH and XRP Sit Out appeared first on 99Bitcoins.





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